id author title date pages extension mime words sentences flesch summary cache txt work_vqkqdakl5bgohl66s6bnpqepo4 IGNACIO ORTUNO-ORTIN Public Funding of Political Parties 2005 11 .pdf application/pdf 4785 585 81 responsive public funding is to votes, the more the parties' policies converge. Public funding depending on the vote share makes policies converge are policy motivated, depends on whether the impressionable voters are sufficiently responsive and public funds depend enough on the vote share. Baron (1994) considers lobbying in a model with informed and impressionable voters, in which parties seek to maximize their probability of When public funding depends on vote share, parties get an extra Parties receive funds depending on the vote share obtained in the election. they receive public funding depending on their expected vote share. The more public funds depend on vote shares, the larger is the policy the extra votes gained from moderating policies makes more public funds case of impressionable voters and a public funding system yield more policy Public funding of political parties moderate partisan policies. When campaigns are persuasive, and the public funds depend on the vote share, parties ./cache/work_vqkqdakl5bgohl66s6bnpqepo4.pdf ./txt/work_vqkqdakl5bgohl66s6bnpqepo4.txt